|Title:||United States top 25 insurance companies ranked by group life in force in dollars and percent change for 2011|
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U.S. Life/Health-2011 Group Life In Force
Ranked by 2011 group life business in force.
2011 2010 Rank Rank Company/Group AMB#
X X Metropolitan Life & Affiliated Cos XXXXXX X X Prudential of America Group XXXXXX X X Great-West Life Group XXXXXX X X Hartford Life Group XXXXXX X X Securian Finl Group XXXXXX X X Unum Ins Group XXXXXX X X Aetna Life Group XXXXXX X X Cigna Group XXXXXX X XX NY Life Group XXXXXX XX XX Standard Ins Group XXXXXX XX X ING USA Life Group XXXXXX XX XX Sun Life Finl Group XXXXXX XX XX Lincoln Finl Group XXXXXX XX XX Hannover Life Reassur America XXXXXX XX XX Reliance Standard Life Group XXXXXX XX XX UnitedHealth Group XXXXXX XX XX Mutual of Omaha Group XXXXXX XX XX Guardian Life Group XXXXXX XX XX Health Care Service Corp Life Group XXXXXX XX XX Swiss Reins Group XXXXXX XX XX Principal Life Group XXXXXX XX XX WellPoint Group XXXXXX XX XX Liberty Life Assur Co of Boston XXXXXX XX XX SunAmerica Financial Group XXXXXX XX XX Assurant Inc Group XXXXXX
Top XX Writers Total U.S Life Industry
Group Life % Company/Group In Force Change
Metropolitan Life & Affiliated Cos $X,XXX,XXX,XXX X.X Prudential of America Group X,XXX,XXX,XXX X.X Great-West Life Group X,XXX,XXX,XXX X.X Hartford Life Group XXX,XXX,XXX -X.X Securian Finl Group XXX,XXX,XXX XX.X Unum Ins Group XXX,XXX,XXX X.X Aetna Life Group XXX,XXX,XXX X.X Cigna Group XXX,XXX,XXX X.X NY Life Group XXX,XXX,XXX X.X Standard Ins Group XXX,XXX,XXX X.X ING USA Life Group XXX,XXX,XXX -XX.X Sun Life Finl Group XXX,XXX,XXX -X.X Lincoln Finl Group XXX,XXX,XXX X.X Hannover Life Reassur America XXX,XXX,XXX X.X Reliance Standard Life Group XXX,XXX,XXX XX.X UnitedHealth Group XXX,XXX,XXX X.X Mutual of Omaha Group XXX,XXX,XXX X.X Guardian Life Group XXX,XXX,XXX XX.X Health Care Service Corp Life Group XXX,XXX,XXX -XX.X Swiss Reins Group XXX,XXX,XXX XX.X Principal Life Group XXX,XXX,XXX X.X WellPoint Group XXX,XXX,XXX XX.X Liberty Life Assur Co of Boston XX,XXX,XXX XX.X SunAmerica Financial Group XX,XXX,XXX -X.X Assurant Inc Group XX,XXX,XXX X.X
Top XX Writers XX,XXX,XXX,XXX X.X Total U.S Life Industry XX,XXX,XXX,XXX X.X
Source: BestLink Statement File-LVH, US
Data as of: July XX, 2012
The face amount of life insurance policies issued rebounded during 2011 to a gain of X.X%, up from a decline of X% in 2010, according to an A.M. Best Co. life/ health statistical study.
Despite macroeconomic challenges last year, the industry on the whole sustained only modest investment impairments, and it maintained strong regulatory capital and favorable operating earnings, according to Andrew Edelsberg and Stephen Irwin, vice presidents in the Life/Health Division, in their 2012 Review/Preview special report.
On the plus side, some insurers have taken advantage of stability in some of the more distressed asset classes to pare their positions. But historically low interest rates have reduced investment income and caused other insurers to move down the credit scale in an effort to generate higher yields. In the special report, Edelsberg and Irwin said that this enhanced yield strategy carries some risk and will need to be monitored closely if economic conditions deteriorate.
In addition, there is worry that the European Union does not have the tools to fully cope with the sovereign debt crisis, they said.
The volatility in equity markets is also a continuing concern, particularly for insurers that have higher hedging costs in equity-sensitive products like variable annuities with guaranteed lifetime withdrawal benefits. Equity volatility also triggered reserve increases for equity-sensitive product lines, according to the report.
In response to the stresses, carriers have pursued a range of variable annuity strategies, from modest product tweaks to exiting the market. Others have curtailed or de-emphasized lines such as fixed annuities, banking, Medicare supplement, group medical and long-term care insurance.
Some key industry players, primarily the large mutuals, have benefited from emphasis on whole life insurance, which the report said has stable, long-term earnings that help companies' credit profiles.
In 2011, total life issued by face amount reached $X.XX trillion. Ordinary life issuance last year versus 2010 was effectively unchanged at $X.XX trillion, but the top XX writers' issuance was up X.X% to $X.XX trillion. Term life issuance fell by X.X% last year to $X.X trillion, an improvement from the XX.X% decline in 2010.
U.S. Life-2011 Ordinary Life Average Policy Size & Lapse Ratios
Ranked by 2011 ordinary life business.
Ordinary Life 2011 2010 Issued Rank Rank Company/Group AMB# ($XXX)
X X Metropolitan Life & XXXXXX $XXX,XXX,XXX Affiliated Cos X X Northwestern Mutual Group XXXXXX XXX,XXX,XXX ...